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ASML rises 1.2% as AEX closes at record after stronger results

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ASML gained 1.2% after reporting higher quarterly revenue and profit and raising its full-year revenue outlook. The AEX closed at a record 1,137.09 points, ANP reported. [1]

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ASML shares rose 1.2% on Wednesday after the Dutch chip-equipment maker reported higher quarterly revenue and profit and raised its revenue outlook for the year, according to ANP. Chief executive Christophe Fouquet said the company continued to benefit from technology firms’ heavy investment in artificial intelligence. [1]

The AEX, Amsterdam’s main share index, closed 0.7% higher at a record 1,137.09 points, after falling 0.5% on Tuesday. ASML’s sector peers ASMI and Besi gained up to 1.2%. The MidKap index rose 0.3% to 1,055.22 points, while Frankfurt, Paris and London markets advanced by up to 0.8%, ANP reported. [1]

ANP described ASML as the world’s sole maker of the most advanced lithography systems, which chip companies use to produce chips needed for AI applications. [1]

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